THE HISTORY: Population in Seychelles can be dated back to the 1770s when the island’s first settlers being Caucasians, Indians and Africans settled in Seychelles. Seychelles remained a French colony, until the fall of Napoleon and its subsequent succession by Britain, in light of the Treaty of Paris in the 1814s.This is when political administrators such as Pierre Poivre and Governor Queau de Quinssy affected the political climate of Seychelles, which eventually was followed by the subsequent French Revolution. 

 

 

During the late 1976s Seychelles gained its independence. It is located at the center of the Indian Ocean, being an archipelago and consisting of a total of 115 islands.

 

Victoria, a name given after the late Queen Vitoria II of the British Monarchy, is the capital of Seychelles and it can be found on the main island, Mahe.  

 

 

THE CLIMATE AND TOURISM: One of the most favorable tourism destinations, Seychelles is blessed with beautiful tropical gardens, clean and white sand beaches, blue skies, and hospitable locals.

 

Being famous for being multicultural, Seychelles hosts many ethnicities including but not limited to European, African and Asian culture which many support, is owed to the fact that during the early 1800s Seychelles was under Anglo-French Monarchy. To this day, spoken languages in Seychelles are English French and Creole, the native language of Seychelles. 

 

DOING BUSINESS IN SEYCHELLES: Today Seychelles is not only part of the Commonwealth; it also has a democratically elected Government system. It is mostly preferred by investors for business due to having comprehensive cross border financial services provision and the in addition, the fact that it operates within the English common law sphere.

 

TAXATION: Businesswise, the financial services sector of Seychelles has flourished significantly during recent years. The main reason is Seychelles offers a set of favorable tax policies, inward investment options, and the fact that a Seychelles company is neither obliged to submit any financial reports to a public file, nor the auditing task is considered mandatory.

 

 

Although a Seychelles company cannot carry on business, own real estate, or do banking, insurance and registered agent business in Seychelles without having the relevant special license, a Seychelles company can still maintain bank accounts and deposits, books and records, professional relationships and partnerships, trusts, rent property in Seychelles and use it as an office in Seychelles, hold shares and debt obligations in other entities, and own tangibles such as vessels, aircrafts that have the flag of Seychelles.

 

 

Some of the main features of a Seychelles company are:

 

• Standard authorized share capital of USD100.000 with par value;

• The authorized share capital can be issued in any currency;

• Minimum issued capital is either one share of no par value or one share of par value;

• Allows the issuance of variety classes of shares;

• It is excepted form local taxation;

• Annual license fee is USD100, regardless of the amount of the authorized Capital;

• No requirement to submit financial statements, however records reflecting the company’s financial position, must be maintained;

• Must have at least one director and it can be either a legal or a physical entity, regardless of nationality and residence;

• Secretary appointment is not a requirement, however if appointed it can be either a legal or a physical entity, regardless of nationality and residence; and

• Must have at least one shareholder.

 

Seychelles offers professional services including but not limited to corporations, foundations, banking services, trusts and other financial services. It is known for its solid legal and regulatory framework and it is considered by many as one of the most well developed markets in the business field.